Many of our non-resident clients who are looking for a property in Spain have been surprised to find that obtaining Spanish Mortgages is an easier process than they first thought. Even if you have enough capital to purchase a new property in Spain outright, you may want to consider the option of Spanish mortgages.
CLICK ON THE LINKS BELOW for Spanish Mortgages
You’ll recognize the types of spanish mortgages on offer, variable interest, fixed interest or a mixture of both. In fact the range of mortgages is the same as in the UK, but the good news is that interest rates in Spain are amongst the lowest in Europe and consumer protection is second to none. Most banks supply all mortgage documentation in English and offer a tailor-made service for overseas borrowers. Most institutions lend up to 60% of the property value for non-residents and up to 80% for residents, with a choice of repayment periods from 5-20 years.
Listed below are 3 of the companies that should be able to help you find Spanish Mortgages. They are all large, well established and reputable companies that are leaders in their field, both in Spain and in the UK. If you visit their sites you can use their mortgage calculators to find out how much you are entitled to borrow to help finance your new home in Spain.
Subject to status, you may well find that you could be able to borrow up to 70% of the property value to finance the property over 30 years. Halifax and Lloyds TSB are both major UK banks that have set up Spanish companies, and Solbank is very popular amongst UK Spanish home owners and residential tourists in Spain, also part owned by a large UK Bank. All of the mortgages lenders speak fluent English.
Halifax Spanish Mortgages - Banco Halifax is well known in Spain as the market leader in Spanish mortgages.
Solbank Spanish Mortgages - Buying an apartment on the beach, building the home of your dreams... whatever your plans, Solbank offers you tailored financing.
Lloyds TSB Spanish Mortgages - Lloyds TSB, one of the biggest and most prestigious banks in the world and with offices in the most important financial centres, has been in Spain since 1916.
None of the information contained in this website constitutes, nor should be construed as financial advice.
